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By offering a creative financing solution for the combined consideration of $1.2B and by negotiating advantageous contractual terms, Platinum navigated a challenging M&A market to create a platform poised for additional g...
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How $35M renewal of Alabama refractory plant is a ‘remarkable’ story for HarbisonWalker
September 04, 2023
FAIRFIELD, Ala. – The shuttered plant was in rough shape. During a 2021 visit to check the condition of the idled plant, which once manufactured refractory products used for aluminum production, HarbisonWalker International...
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Michigan announces Cabinetworks Group adding 110 jobs, relocating corporate headquarters to Detroit suburb
August 31, 2023
Michigan officials announced recently that Cabinetworks Group will add 110 corporate and professional services jobs while moving its headquarters from Ann Arbor, Mich., to a nearby Detroit suburb.Gov. Gretchen Whitmer and the...
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July 30, 2018
Platinum Equity Acquires Majority Stake in Yak Access
LOS ANGELES (July 30, 2018) – Platinum Equity today announced it has has acquired a majority stake in Yak Access LLC from Jones Companies and Beasley Forest Products. Financial terms of the transaction were not disclosed.Yak Access, based in Columbia, Miss., provides temporary roadway solutions to remote construction sites, primarily serving the oil and gas pipeline and powerline sectors in the United States. The company comprises three related... Read more
LOS ANGELES (July 30, 2018) – Platinum Equity today announced it has has acquired a majority stake in Yak Access LLC from Jones Companies and Beasle... Read more
LOS ANGELES (July 30, 2018) – Platinum Equity today announced it has has acquired a majority stake in Yak Access LL. Read more
July 17, 2018
Michael Fabiano to Join Platinum Equity
Former GSO Managing Director to Lead Formation of Credit Investing PlatformLOS ANGELES, CA, July 17, 2018 – Platinum Equity announced today that Michael Fabiano will join the firm to lead formation of a credit investing division built around Platinum Equity’s signature M&A&O® investment strategy.Mr. Fabiano was most recently a Managing Director at GSO Capital Partners LP, the global credit investment platform of Blackstone, where he ... Read more
Former GSO Managing Director to Lead Formation of Credit Investing PlatformLOS ANGELES, CA, July 17, 2018 – Platinum Equity announced today that Mic... Read more
Former GSO Managing Director to Lead Formation of Credit Investing PlatformLOS ANGELES, CA, July 17, 2018 – Platinu. Read more
July 13, 2018
Platinum Equity Announces $1.5 Billion Small Cap Fund Focused on Lower Middle Market Transactions
New Fund Complements Firm’s Flagship Large Cap Fund; Will Deploy Platinum’s Signature M&A&O® Strategy On Smaller DealsLOS ANGELES, CA (July 13, 2018) – Platinum Equity announced today the close of capital raising for Platinum Equity Small Cap Fund, L.P, the firm’s inaugural fund focused exclusively on investment opportunities in the lower middle market.The fund was oversubscribed and held a single closing at a hard cap of $1.5 b... Read more
New Fund Complements Firm’s Flagship Large Cap Fund; Will Deploy Platinum’s Signature M&A&O® Strategy On Smaller DealsLOS ANGELES, CA (J... Read more
New Fund Complements Firm’s Flagship Large Cap Fund; Will Deploy Platinum’s Signature M&A&O® Strategy O. Read more
July 03, 2018
Platinum Equity Acquires PLI Card Marketing Solutions
Latest Acquisition Highlights Platinum Equity’s Commitment to Investing in the Lower Middle MarketLOS ANGELES AND LAS VEGAS (July 2, 2018) – Platinum Equity and PLI Card Marketing Solutions (a.k.a. Plasticard-Locktech Interational) announced today that Platinum Equity has acquired PLI from affiliates of the company’s founders. Financial terms were not disclosed.Headquartered in Las Vegas, NV, PLI is a leading provider of gift, loyalty and m... Read more
Latest Acquisition Highlights Platinum Equity’s Commitment to Investing in the Lower Middle MarketLOS ANGELES AND LAS VEGAS (July 2, 2018) – Plati... Read more
Latest Acquisition Highlights Platinum Equity’s Commitment to Investing in the Lower Middle MarketLOS ANGELES AND L. Read more
July 02, 2018
Pitney Bowes Completes Sale of Document Messaging Technologies Business to Platinum Equity
STAMFORD, Conn. July 2, 2018 --- Pitney Bowes Inc. (NYSE:PBI) today announced that the previously disclosed sale of its Document Messaging Technologies (DMT) production mail and supporting software business to Platinum Equity has been completed, with the exception of certain non-U.S. jurisdictions that are each expected to close sometime in the third or early fourth quarter, subject to individual country regulatory requirements.The company expect... Read more
STAMFORD, Conn. July 2, 2018 --- Pitney Bowes Inc. (NYSE:PBI) today announced that the previously disclosed sale of its Document Messaging Technologie... Read more
STAMFORD, Conn. July 2, 2018 --- Pitney Bowes Inc. (NYSE:PBI) today announced that the previously disclosed sale of i. Read more
July 01, 2018
Platinum Equity Hires Kris Agarwal as General Counsel
LOS ANGELES (July 1, 2018) – Platinum Equity announced today the hiring of Kris Agarwal as the firm’s General Counsel.Mr. Agarwal recently joined the firm and oversees Platinum Equity’s legal department, legal support for Platinum Equity’s fund and investor relations, and legal affairs for the firm’s portfolio companies.Mr. Agarwal succeeds Eva Kalawski, who is retiring after serving as Platinum Equity’s General Counsel for more tha... Read more
LOS ANGELES (July 1, 2018) – Platinum Equity announced today the hiring of Kris Agarwal as the firm’s General Counsel.Mr. Agarwal recently joine... Read more
LOS ANGELES (July 1, 2018) – Platinum Equity announced today the hiring of Kris Agarwal as the firm’s General C. Read more
June 21, 2018
Verra Mobility Announces Merger Agreement with Gores Holdings II, Inc.
Verra Mobility to be Publicly Listed Company with $2.4 Billion Enterprise Value upon Consummation of TransactionLOS ANGELES (June 21, 2018) – Verra Mobility (“Verra Mobility” or the “Company”), the leading provider of tech-enabled smart transportation solutions and a portfolio company of Platinum Equity, announced it has entered into a definitive agreement and plan of merger with Gores Holdings II, Inc. (“Gores Holdings II”) (NASDAQ... Read more
Verra Mobility to be Publicly Listed Company with $2.4 Billion Enterprise Value upon Consummation of TransactionLOS ANGELES (June 21, 2018) – Verra ... Read more
Verra Mobility to be Publicly Listed Company with $2.4 Billion Enterprise Value upon Consummation of TransactionLOS A. Read more
June 21, 2018
Ball Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity
BROOMFIELD, Colo., (June 21, 2018) — Ball Corporation (NYSE:BLL) and Platinum Equity today announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack, a new packaging company that manufactures steel containers for aerosol products, food, household consumables, pet food, nutritional and other products in the United States. Platinum Equity will own 51percent of Ball Metalpack and Ball Corporatio... Read more
BROOMFIELD, Colo., (June 21, 2018) — Ball Corporation (NYSE:BLL) and Platinum Equity today announced that they have entered into joint venture and ... Read more
BROOMFIELD, Colo., (June 21, 2018) — Ball Corporation (NYSE:BLL) and Platinum Equity today announced that they hav. Read more
June 19, 2018
Platinum Equity to Sell Worldwide Flight Services for €1.2 Billion
Successful investment adds to Platinum Equity’s continued momentum in EuropeLOS ANGELES (June 19, 2018) – Platinum Equity today announced it has signed a definitive agreement to sell Worldwide Flight Services (WFS) to affiliates of Cerberus Capital Management, L.P. in a transaction valued at approximately €1.2 billion. The sale is expected to close during Q4 2018, subject to regulatory approval and certain closing conditions.Since Platinum ... Read more
Successful investment adds to Platinum Equity’s continued momentum in EuropeLOS ANGELES (June 19, 2018) – Platinum Equity today announced it has s... Read more
Successful investment adds to Platinum Equity’s continued momentum in EuropeLOS ANGELES (June 19, 2018) – Platinu. Read more
June 12, 2018
Johnson & Johnson Announces Acceptance of Binding Offer From Platinum Equity To Acquire LifeScan, Inc.
NEW BRUNSWICK, N.J. (June 12, 2018) – Johnson & Johnson (NYSE: JNJ) today announced that it has accepted the binding offer from Platinum Equity, previously announced on March 16, 2018, to acquire its LifeScan business for approximately $2.1 billion. LifeScan, Inc. is a world leader in blood glucose monitoring and maker of the OneTouch® brand of products.This acceptance was made after consultation with relevant works councils and trade... Read more
NEW BRUNSWICK, N.J. (June 12, 2018) – Johnson & Johnson (NYSE: JNJ) today announced that it has accepted the binding offer from Platinum Equi... Read more
NEW BRUNSWICK, N.J. (June 12, 2018) – Johnson & Johnson (NYSE: JNJ) today announced that it has accepted the. Read more
